The consequences of the expiration of the limitation of action are as follows: (1) The debtor shall not perform his debts. (2) the creditor loses the right to win the case. If the creditor goes to the court, if the court thinks that the time limit without justifiable reasons has passed, it will not be able to judge the creditor in favor. (3) After the limitation of action expires, if the debtor has voluntarily performed, the performance of the debt is valid. Article 192 of the Civil Code of People's Republic of China (PRC) expires, the obligor may raise a defense of non-performance. After the expiration of the limitation period of action, if the obligor agrees to perform it, he shall not plead on the grounds of the expiration of the limitation period of action; If the debtor voluntarily performs, it may not request the return. The limitation of action for private lending is not counted from the date of borrowing. If there is an agreed repayment date, it shall be calculated from the agreed final repayment date; If there is no agreed repayment date, it shall be counted from the expiration of the grace period when the creditor requires the debtor to perform its obligations. However, when the creditor claims the right for the first time, if the debtor clearly indicates that he does not perform his obligations, the limitation of action shall be calculated from the date when the debtor clearly indicates that he does not perform his obligations. When both parties reach a repayment agreement, the limitation of action is three years from the final repayment person agreed in the repayment agreement. Article 188 of the Civil Code (since 202 1 1 came into effect) stipulates that the limitation of action for requesting protection of civil rights from the people's court is three years. Where there are other provisions in the law, such provisions shall prevail. The limitation period of action shall be counted from the day when the obligee knows or should know that the right has been damaged and the obligor knows it. Where there are other provisions in the law, such provisions shall prevail. However, if more than 20 years have passed since the right was damaged, the people's court will not protect it. Under special circumstances, the people's court may decide to extend it according to the application of the obligee. The remedy is to obtain relevant evidence to prove that there are facts that lead to the interruption of the limitation of action before, and the interval before and after the interruption is less than 3 years, that is, it is still within the limitation of action. The specific method is as follows: (1) Require the debtor to issue a new certificate of previous payment. The certificate does not necessarily have to be issued by the legal representative of the debt unit, nor does it need its signature approval. As long as there is a relationship with the debtor, such as the person in charge of the original unit, the person in charge of finance, the chief accountant or the former enterprise manager, the adult family members of individual industrial and commercial households, etc. (2) Find other written materials that can prove that the limitation of action has been interrupted before and is still in the period of limitation of action. For example, in our unit's documents to superiors or relevant units of both parties, it has been mentioned that we should ask for the relevant arrears, or the debtor admitted the debt in letters and telegrams with our unit. As long as the interval between these written materials does not exceed 3 years, the creditor's rights that have exceeded the limitation of action can also be "brought back to life". According to the above explanation, the limitation of action is the period of rights protection. If this period is exceeded, it becomes uncertain whether the rights can be protected.

Legal objectivity:

People's Republic of China (PRC) Civil Code

Article 192

If the limitation of action expires, the debtor may raise a defense of non-performance.

After the expiration of the limitation period of action, if the obligor agrees to perform it, he shall not plead on the grounds of the expiration of the limitation period of action;

If the debtor voluntarily performs, it may not request the return.

People's Republic of China (PRC) Civil Code

Article 188

The limitation period for requesting protection of civil rights from the people's court is three years. Where there are other provisions in the law, such provisions shall prevail.

The limitation period of action shall be counted from the day when the obligee knows or should know that the right has been damaged and the obligor knows it. Where there are other provisions in the law, such provisions shall prevail. However, if more than 20 years have passed since the right was damaged, the people's court will not protect it. Under special circumstances, the people's court may decide to extend it according to the application of the obligee.